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    Ecosystem News

    Ethiopia’s Dodai Raises Record $4 Million in Series A Round for Electric Mobility Expansion

    Dodai, an Addis Ababa-based electric vehicle (EV) startup, has secured a staggering $4 million...

    Leaked Foreign Exchange Code Reveals New Changes to Foreign Currency Accounts, PayPal, and Cryptocurrency in Tunisia

    A leaked presumed draft of the Foreign Exchange Code project has sparked heated controversy...

    Investors Back Kenyan Digital Insurance Startup mTek in $1.25M Funding Round

    mTek, a digital insurance platform, has secured a substantial investment totaling $1.25 million (Sh167.8...

    Key Reasons Why Uber Led $100M Investment in African Mobility Fintech Moove

    Moove, an African mobility fintech specializing in vehicle financing for ride-hailing and delivery app...
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    Expensya Founders Exit Two Years Post-Medius Deal, Launch AI Venture

    In 2023, Medius, a leader in accounts payable automation, acquired Expensya for a reported sum exceeding $100 million.

    Top African Infrastructure Investor Taps Chinese Markets for Funding

    “The AAA rating allows us to forge stronger ties with Asian markets, enabling investments that drive economic development, job creation, and prosperity in Africa.”

    Over 35% of MultiChoice’s Revenue Now Flows Through Fintech Firm Moment

    Launching with Showmax and DStv as initial clients, Moment started processing payments for parts of the Multichoice group in January 2024.

    Egypt’s Money Fellows Ramps Up Morocco Expansion, Onboards Key Enabler

    Network International’s entry into Morocco last September further strengthens Money Fellows’ expansion plans.

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    Expensya Founders Exit Two Years Post-Medius Deal, Launch AI Venture

    In 2023, Medius, a leader in accounts payable automation, acquired Expensya for a reported sum exceeding $100 million.

    Top African Infrastructure Investor Taps Chinese Markets for Funding

    “The AAA rating allows us to forge stronger ties with Asian markets, enabling investments that drive economic development, job creation, and prosperity in Africa.”

    Global Investors Are Buying Up South African Cybersecurity Firms in Record Numbers

    The feeding frenzy is showing no signs of abating anytime soon.

    Why New CEOs Struggle to Save African Startups After Founder Ousters

    Post-Bench — the Canada-based accounting and tax platform that shut down after raising $113 million — founders worldwide are increasingly scrutinizing their cap tables.